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unanswered A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,572.00

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unanswered A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,572.00 to install, $5,153.00 to operate per year for 7 years at which time it will be sold for $7,004.00. The second, RayCool 8, costs $41,387.00 to install, $2,077.00 to operate per year for 5 years at which time it will be sold for $8,972.00. The firm's cost of capital is 5.53%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes. not_submitted Attempts Remaining: Infinity

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